Watch funny tapes, etc (8)
I believe the answer is:
spectate
'watch' is the definition.
(I know that spectate is a more specific form of the action the watch)
'funny tapes etc' is the wordplay.
'funny' indicates an anagram.
'tapes'+'etc'='tapesetc'
'tapesetc' is an anagram of 'SPECTATE'.
(Other definitions for spectate that I've seen before include "Look on (at a match)" , "View" , "Perhaps enjoy sport" , "Be an onlooker" , "Observe" .)